Rumble to launch crypto wallet with Tether valued at $775 million

Rumble CEO Chris Pavlovski confirmed the company will launch a Bitcoin (CRYPTO:BTC) and stablecoin wallet in the third quarter of 2025.

The wallet, developed in partnership with stablecoin issuer Tether (CRYPTO:USDT), aims to compete with established crypto wallets like Coinbase Wallet.

Pavlovski stated on May 9 that the Rumble Wallet’s goal is to become a leading non-custodial Bitcoin and stablecoin wallet that supports the creator economy.

“Our goal is to become the most prominent non-custodial Bitcoin and stablecoin wallet, powering the creator economy,” he added.

The wallet is intended to help creators monetise their content more effectively than traditional advertisers, particularly in international markets.

Rumble first announced plans for a Tether (USDT) wallet for creators in March 2025.

Tether invested $775 million in Rumble in December 2024, signaling a significant strategic partnership.

The Rumble Bitcoin wallet will enter a competitive market that includes Coinbase, Robinhood, eToro, PayPal, Revolut, Crypto.com, and MetaMask.

According to Coinbase, mobile crypto wallet usage reached a record 36 million users in Q4 2024.

Coinbase reported over 100 million registered users in 2024, nearly double Rumble’s video platform user base.

Rumble has also begun acquiring Bitcoin, holding approximately 210 BTC valued at nearly $22 million as of May 2025.

In its Q1 2025 financial report, Rumble posted revenue of $23.7 million, a 34% increase year-over-year, surpassing estimates by 2.8%.

The company reported a net loss of $2.7 million for Q1 2025, an improvement from a $43 million loss in the same period last year.

“Rumble reported strong first-quarter 2025 results, highlighted by 34% year-over-year revenue growth driven by increased subscription revenue and monetisation,” Pavlovski commented.

Rumble’s shares rose 2.37% to $7.78 in after-hours trading, though the stock is down 40% year to date.

At the time of reporting, the Tether (USDT) price was $0.9999.